Definitive Analysis
| Stable Growth | $5,272,974.42 - $28,851,153.94 | $9,581,228.72 |
| Multi-Stage | $3,419,627.60 - $3,745,950.66 | $3,579,775.48 |
| Blended Fair Value | $6,580,502.10 | |
| Current Price | $384,000.00 | |
| Upside | 1,613.67% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | -7.84% | -2.88% | 8,000.19 | 8,000.19 | 7,248.18 | 6,248.15 | 6,804.49 | 12,034.29 | 12,034.41 | 12,059.64 | 12,069.50 | 11,989.72 |
| YoY Growth | - | - | 0.00% | 10.38% | 16.01% | -8.18% | -43.46% | 0.00% | -0.21% | -0.08% | 0.67% | 11.84% |
| Dividend Yield | - | - | 3.17% | 3.11% | 3.26% | 1.83% | 2.87% | 9.29% | 3.85% | 3.49% | 3.41% | 2.88% |
| Net Income To Common (M) | 1,177,191.38 |
| (-) Cash Dividends Paid (M) | 73,541.71 |
| (=) Cash Retained (M) | 1,103,649.67 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 235,438.28 | 147,148.92 | 88,289.35 |
| Cash Retained (M) | 1,103,649.67 | 1,103,649.67 | 1,103,649.67 |
| (-) Cash Required (M) | -235,438.28 | -147,148.92 | -88,289.35 |
| (=) Excess Retained (M) | 868,211.40 | 956,500.75 | 1,015,360.32 |
| (/) Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| (=) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| LTM Dividend per Share | 10,000.23 | 10,000.23 | 10,000.23 |
| (+) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| (=) Adjusted Dividend | 128,059.98 | 140,065.61 | 148,069.35 |
| WACC / Discount Rate | 7.50% | 7.50% | 7.50% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Fair Value | $5,272,974.42 | $9,581,228.72 | $28,851,153.94 |
| Upside / Downside | 1,273.17% | 2,395.11% | 7,413.32% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,177,191.38 | 1,247,271.54 | 1,321,523.69 | 1,400,196.19 | 1,483,552.20 | 1,571,870.53 | 1,619,026.64 |
| Payout Ratio | 6.25% | 23.00% | 39.75% | 56.50% | 73.25% | 90.00% | 92.50% |
| Projected Dividends (M) | 73,541.71 | 286,844.69 | 525,283.61 | 791,095.27 | 1,086,693.73 | 1,414,683.47 | 1,497,599.64 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.50% | 7.50% | 7.50% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Year 1 PV (M) | 264,308.79 | 266,827.14 | 269,345.49 |
| Year 2 PV (M) | 445,988.24 | 454,527.54 | 463,147.81 |
| Year 3 PV (M) | 618,903.77 | 636,763.72 | 654,964.01 |
| Year 4 PV (M) | 783,368.83 | 813,654.19 | 844,809.31 |
| Year 5 PV (M) | 939,686.93 | 985,315.15 | 1,032,698.85 |
| PV of Terminal Value (M) | 22,095,684.81 | 23,168,581.16 | 24,282,755.73 |
| Equity Value (M) | 25,147,941.38 | 26,325,668.90 | 27,547,721.19 |
| Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| Fair Value | $3,419,627.60 | $3,579,775.48 | $3,745,950.66 |
| Upside / Downside | 790.53% | 832.23% | 875.51% |
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|---|---|---|---|---|
| 0316.HK | Orient Overseas (International) Limited | 2.19% | $2.79 | 48.77% |
| 3109.T | Shikibo Ltd. | 2.19% | $22.89 | 30.55% |
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| 4516.T | Nippon Shinyaku Co., Ltd. | 2.19% | $123.87 | 26.14% |
| 4617.T | Chugoku Marine Paints, Ltd. | 2.19% | $96.72 | 42.42% |
| 600051.SS | Ningbo United Group Co.,Ltd. | 2.19% | $0.17 | 55.08% |
| 603799.SS | Zhejiang Huayou Cobalt Co., Ltd | 2.19% | $1.49 | 48.01% |
| 7233.KL | Dufu Technology Corp. Berhad | 2.19% | $0.04 | 95.65% |
| 9064.T | Yamato Holdings Co., Ltd. | 2.19% | $48.33 | 36.15% |
| 9948.T | ARCS Company Limited | 2.19% | $74.01 | 33.92% |
| 000049.SZ | Shenzhen Desay Battery Technology Co., Ltd. | 2.18% | $0.59 | 54.00% |
| 000153.SZ | Anhui Fengyuan Pharmaceutical Co., Ltd. | 2.18% | $0.14 | 55.80% |
| 002237.SZ | Shandong Humon Smelting Co., Ltd. | 2.18% | $0.29 | 61.47% |
| 002626.SZ | Xiamen Kingdomway Group Company | 2.18% | $0.43 | 54.26% |
| 2468.TW | Fortune Information Systems Corp | 2.18% | $0.90 | 78.36% |
| 300815.SZ | EIT Environmental Development Group Co.,Ltd | 2.18% | $0.50 | 38.67% |
| 300910.SZ | Xinxiang Richful Lube Additive Co., Ltd | 2.18% | $1.23 | 45.00% |
| 4908.TWO | APAC Opto Electronics Inc. | 2.18% | $1.74 | 72.09% |
| 601369.SS | Xi'an Shaangu Power Co., Ltd. | 2.18% | $0.22 | 37.55% |
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| SHANG.BK | Shangri-La Hotel Public Company Limited | 2.15% | $1.00 | 56.93% |
| VZUG.SW | V-ZUG Holding AG | 2.15% | $0.91 | 19.03% |
| WTIF.SG | WisdomTree Japan Equity UCITS ETF | 2.15% | $0.98 | 91.42% |
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